1.5600 levels back in focus for GBP – OCBC

FXStreet (Barcelona) - According to Emmanuel NG, FX Strategist at OCBC Bank, GBP can head towards 1.5600 levels as it stays caught up in the dollar tide.

Key Quotes

“In the near term, expect the GBP to remain caught up in the dollar tide, with the latest failure to overcome 1.5800 putting the focus squarely back on the 1.5700 floor and 1.5600 thereafter and ahead of the BOE MPC next week. “